Immunomedics Inc. (IMMU) was a big mover last session, as its shares rose over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $3.18 to $3.55 in the past one-month time frame.
In the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Immunomedics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks worth considering in the med-biomed gene industry include Cambrex Corporation. (CBM), Gilead Sciences Inc. (GILD) and InSite Vision Incorporated (INSV). All these stocks sport a Zacks Rank #1 (Strong Buy).
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